Item 6. SELECTED FINANCIAL DATA

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Item 6. SELECTED FINANCIAL DATA

Our selected consolidated financial data shown below should be read together with Item 7. “Management’s Discussion and Analysis of Financial Condition and Results of Operations” and our consolidated financial statements and respective notes included in Item 8. “Financial Statements and Supplementary Data.” The data shown below are not necessarily indicative of results to be expected for any future period (dollar and share amounts in thousands, except per share data).



		Year ended December 31,
	2017		2016		2015		2014		2013
Statement of Income:
Revenue	$	4,476,412	$	3,904,384	$	4,501,223	$	4,108,269	$	3,214,591
Food, beverage and packaging costs		1,535,428		1,365,580		1,503,835		1,420,994		1,073,514
Labor costs		1,205,992		1,105,001		1,045,726		904,407		739,800
Occupancy costs		327,132		293,636		262,412		230,868		199,107
Other operating costs		651,644		641,953		514,963		434,244		347,401
General and administrative expenses		296,388		276,240		250,214		273,897		203,733
Depreciation and amortization		163,348		146,368		130,368		110,474		96,054
Pre-opening costs		12,341		17,162		16,922		15,609		15,511
Loss on disposal of assets		13,345		23,877		13,194		6,976		6,751
Total operating expenses		4,205,618		3,869,817		3,737,634		3,397,469		2,681,871
Income from operations		270,794		34,567		763,589		710,800		532,720
Interest and other income, net		4,949		4,172		6,278		3,503		1,751
Income before income taxes		275,743		38,739		769,867		714,303		534,471
Provision for income taxes		(99,490)		(15,801)		(294,265)		(268,929)		(207,033)
Net income	$	176,253	$	22,938	$	475,602	$	445,374	$	327,438
Earnings per share
Basic	$	6.19	$	0.78	$	15.30	$	14.35	$	10.58
Diluted	$	6.17	$	0.77	$	15.10	$	14.13	$	10.47
Weighted average common shares outstanding
Basic		28,491		29,265		31,092		31,038		30,957
Diluted		28,561		29,770		31,494		31,512		31,281


		December 31,
	2017		2016		2015		2014		2013
Balance Sheet Data:
Total current assets	$	629,535	$	522,374	$	814,647	$	859,511	$	653,095
Total assets	$	2,045,692	$	2,026,103	$	2,725,066	$	2,527,317	$	1,996,068
Total current liabilities	$	323,893	$	281,793	$	279,942	$	245,710	$	199,228
Total liabilities	$	681,247	$	623,610	$	597,092	$	514,948	$	457,780
Total shareholders’ equity	$	1,364,445	$	1,402,493	$	2,127,974	$	2,012,369	$	1,538,288

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